BRF S.A. ADR (NYSE:BRFS) finished Wednesday with an addition of $0.01 to close at $1.98, an upside of 0.51 percent. An average of 4,654,780 shares of common stock have been traded in the last five days. There was a gain of $0.0200 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 3,783,870 shares traded, while the 50-day average volume stands at 4,525,728.
BRFS stock has decreased by -1.00% in the last month. The company shares reached their 1-month lowest point of $1.7450 on 09/12/23. With the stock rallying to its 52-week high on 08/04/23, shares of the company touched a low of $1.05 and a high of $2.93 in 52 weeks. It has reached a new high 15 times so far this year and achieved 25.32% or $0.4000 in price. In spite of this, the price is down -32.42% from the 52-week high.
Valuation Metrics
BRF S.A. ADR (BRFS) stock’s beta is 1.64. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.32, the price-to-book (PB) ratio at 1.13.
Financial Health
The quick ratio of BRF S.A. ADR for the three months ended June 29 was 0.62, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.30 and a total debt to equity ratio of 2.95 for the quarter ending June 29. Its gross profit as reported stood at $1.58 billion compared to revenue of $10.42 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, BRF S.A. ADR’s return on assets was -6.08%.
Earnings Surprise
For the three-month period that ended June 29, BRF S.A. ADR had $63.06 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$596.91 million in the quarter, while revenues were grew 113.92%. The analyst consensus anticipated BRF S.A. ADR’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.25, a -2,400.00% surprise. For the quarter, EBITDA amounted to $92.31 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at BRF S.A. ADR (BRFS) price momentum. RSI 9-day as of the close on 27 September was 59.40%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.30%.
As of today, BRFS’s price is $1.9480 +1.02% or $0.0200 from its 5-day moving average. BRFS is currently trading -1.98% lower than its 20-day SMA and +51.15% higher than its 100-day SMA. However, the stock’s current price level is +7.61% above the SMA50 and +29.41% above the SMA200.
The stochastic %K and %D were 79.03% and 77.57%, respectively, and the average true range (ATR) was 0.0869. With the 14-day stochastic at 70.15% and the average true range at 0.0875, the RSI (14) stands at 54.95%. The stock has reached 0.0222 on the 9-day MACD Oscillator while the 14-day reading was at 0.0552.
Analyst Ratings
JP Morgan upgraded BRF S.A. ADR (NYSE: BRFS) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral.
